OLD ORCHARD BEACH FREE PUBLIC LIB

EIN: 010219828 501(c)(3)

Old Orchard Beach, ME

Total Revenue
$432,243
Total Expenses
$427,236
Total Assets
$308,813
Net Assets
$299,134
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1942
Legal Domicile
ME
Tax Period
2023-07-01 to 2024-06-30

OLD ORCHARD BEACH FREE PUBLIC LIB is a 501(c)(3) with EIN 010219828, based in Old Orchard Beach, ME. Founded in 1942, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $432,243 in total revenue and $427,236 in total expenses, with net assets of $299,134.

Mission

The purpose and function of the Edith Belle Libby Memorial Library us to provide sevices and materials in all formats that will promote life-long personal enrichment for all citizens of this community.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $432,243
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $432,243

Expense Breakdown

Grants Paid $0
Salaries & Benefits $294,566
Fundraising Expenses $0
Program Expenses $5,700
Other Expenses $132,670
TOTAL EXPENSES $427,236

Year-over-Year Comparison

2023 2022 Change
Revenue $432,243 $413,716 +0.0%
Expenses $427,236 $396,659 +0.1%
Net Income $5,007 $17,057 -0.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
10
Independent Members
N/A
Employees
10
Volunteers
10

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DON RADLEY TREASURER 4.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $432,243 $427,236 $308,813 $5,007
2023 $413,716 $396,659 $311,961 $17,057
2022 $347,642 $341,808 $299,022 $5,834
2021 $322,977 $330,950 $290,037 $-7,973
2020 $319,377 $326,372 $295,125 $-6,995
2019 $299,365 $313,264 $300,913 $-13,899
2018 $297,760 $313,089 $314,702 $-15,329
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